Marks elected to Kansas City Federal Reserve Bank board

Lilly Marks, vice president for health affairs and executive vice chancellor of the CU Anschutz Medical Campus, recently was elected to a three-year term as a board member for the Federal Reserve Bank of Kansas City, representing the public.

Marks had been a member of the Denver Branch Board of Directors since 2013.

The appointment, announced Dec. 27 by the Federal Reserve Bank of Kansas City, became effective Jan. 1.

Members of the Federal Reserve Bank of Kansas City’s head office board of directors represent the 10th  Federal Reserve District: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.

The Kansas City board consists of three directors who are bankers elected by commercial banks that are members of the Federal Reserve System, three who represent the public and are elected by member banks, and three who represent the public and are appointed by the Federal Reserve Board of Governors in Washington.

Directors meet monthly to confer on economic and banking developments and to advise the Bank on its operations and policies. The directors also are responsible for establishing the Bank’s discount rate, subject to review and determination by the Federal Reserve Board of Governors.